Community foundations are grantmaking public charities that are dedicated to improving the lives of people in a defined local geographic area. They bring together the financial resources of individuals, families, and businesses to support effective nonprofits in their communities. Community foundations vary widely in asset size, ranging from less than $100,000 to more than $1.7 billion.
Community foundations play a key role in identifying and solving community problems. In 2011, they gave an estimated $4.3 billion to a variety of nonprofit activities in fields that included the arts and education, health and human services, the environment, and disaster relief. The Community Foundations National Standards Board confirms operational excellence in six key areas—mission, structure, and governance; resource development; stewardship and accountability; grantmaking and community leadership; donor relations; and communications. Foundations that comply with these standards can display the official National Standards Seal. Right now nearly 500 community foundations have earned the seal.
More than 750 community foundations operate in urban and rural areas in every state in the United States; currently, more than 570 belong to the Council on Foundations. The community foundation model also has taken hold around the world. According to the 2010 Community Foundation Global Status Report, there are 1,680 community foundations in 51 countries. Forty-six percent exist outside of the United States. You can use our Community Foundation Locator to view a list of community foundations in the United States.
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The Council would like to thank all of the sponsors for their support of the 2018 Endowments & Finance Summit.
If you would like to learn more about becoming a sponsor, contact Sheden Alsaaty at email@example.com or 703-879-0616.
Council on Foundations Resources
Independent Sector and the Council on Foundations applaud the introduction of the Charitable Giving Tax Deduction Act, which would expand giving, help civil society flourish, and allow the charitable sector to expand its impact in communities across the country.
The bill was introduced by Rep. Chris Smith (R-NJ) and cosponsored by Rep. Henry Cuellar (D-TX).
SECF is partnering with the Council on Foundations to promote the first Inclusive Economic Prosperity Convening in the South, May 23-24, hosted by The Spartanburg County Foundation. We hope you will join us for this important convening of foundation staff and trustees to learn how philanthropy can be a driving force that advances economic prosperity for all. Register today!
Anyone who has had the responsibility of putting together a team has wrestled with the challenge of determining who will be the best match for the positions that need to be filled. At the recently completed NFL draft, teams approached these decisions from one of two perspectives: Fill the needs on your team with the best player at those positions or pick the best player available regardless of position. I’ve always subscribed to the latter approach.
Today, the Community Foundations National Standards Board (CFNSB), a supporting organization of the Council on Foundations, announced four new board members.